Please tell me which date of goods purchase should be taken in company a/c book ,invoice date or the date on which we receive goods.(when goods received by store)
From India, New Delhi
From India, New Delhi
Dear Ankush,
It is date on which your security receives the material. In some companies security makes Good Inwards Receipt (GIR) and in some companies it is not. If GIR is not prepared, security personnel after checking the correctness as per the invoice or despatch note puts its stamp and sends the goods to the store. Store may take 1-2 days to make the data entry in the system.
Ok...
Dinesh V Divekar
From India, Bangalore
7884It is date on which your security receives the material. In some companies security makes Good Inwards Receipt (GIR) and in some companies it is not. If GIR is not prepared, security personnel after checking the correctness as per the invoice or despatch note puts its stamp and sends the goods to the store. Store may take 1-2 days to make the data entry in the system.
Ok...
Dinesh V Divekar
From India, Bangalore
There are lots of thing while dealing with stores, usually whenever a material is received in comapany security will do GIR, GRN goods received note, then stores will inspect the material, whether it is in good condition or not, and then call the indenter,technical person to inspect and once the inspection is done then the date on which goods are inspected that date is taken as date for A/c Also many companies have lots of procedures of their own so they might purchase a machine and not use it for 2 months so after two months the date on which they use it is the date of commissioning.
For simple purpose if you are confused just take the date of invoice as date of receipt for accounts ,,,
From India, Madras
For simple purpose if you are confused just take the date of invoice as date of receipt for accounts ,,,
From India, Madras
Hello Soul,
There is a risk of accepting the date of invoice as date of acceptance. Suppose you receive a material from far off place about 2,000-3,000 KM away. In that case even it is received by land transport then also it takes anything between 4 and 7 days. In such case company should lose interest for 4-7 days?
Other members also may contribute their view.
Dinesh V Divekar
From India, Bangalore
There is a risk of accepting the date of invoice as date of acceptance. Suppose you receive a material from far off place about 2,000-3,000 KM away. In that case even it is received by land transport then also it takes anything between 4 and 7 days. In such case company should lose interest for 4-7 days?
Other members also may contribute their view.
Dinesh V Divekar
From India, Bangalore
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